Eleutorio is a client of Asociación Arariwa. He is part of a communal bank consisting of 26 members in Cusco. The group is called El Amanecer, which means "daybreak" in Spanish. Eleutorio is from Cusco, where he still resides. He is 38 years old, and lives with his partner and 2 children.
Eleutorio has a store where he sells pants. He buys each pair for 20-28 soles and sells them for 30-38 soles. He earns about 600 soles each month. He will use this loan to buy more pants from wholesalers to sell.
Eleutorio appreciates and thanks you for the loan, and promises to pay the monthly payments on time.
About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).